$1.5 M for Quebec manufacturing firms
- July 25, 2017
The Federal government, via the Canada Economic Development for Quebec Regions (CED) is investing close to $1.5 million in two Quebec manufacturing companies to help supoort 225 jobs and the creation of an additional 40 jobs.
CED is investing in Plastique GPR, the largest manufacturing employer in the Matawinie MRC area to acquire state-of-the-art equipment. A $1,260,000 contribution will allow the company to purchase two injection moulding machines.
“Our business is growing and the volume of demand from our main clients has been rising steadily," says Dany Belleville, vice president of Plastiques GPR Inc. "To meet this demand and position ourselves within our market, we are investing in our equipment fleet in order to increase our production capacity and remain on the leading edge of technology. Hence the importance of this project and our investment therein.”
Syri Ltd. will receive $195,000 in funding to acquire a laser cutting table and bending machine. It will also implement an ERP plant management software system to help improve productivity, reduce costs and add flexibility to the production process.
“This funding will allow us to enhance productivity, increase production capacity and maintain the company's delivery timelines," says Jean-Pierre Syri, president of Syri Ltd. "The project will also create five new jobs.”
This funding, in the form of repayable contributions, is provided under CED’s Quebec Economic Development Program within the broader framework of the Government of Canada’s Innovation and Skills Plan. This Plan provides for multi-year investments aimed at making Canada a global centre for innovation. It will help create even more well-paid jobs and will foster growth in the middle class.